Fenner PLC (LON:FENR)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a note issued to investors on Monday, November 6th, StockTargetPrices.com reports. They currently have a GBX 425 ($5.59) price objective on the stock. Peel Hunt’s target price suggests a potential upside of 3.28% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Investec reiterated a “sell” rating and issued a GBX 300 ($3.95) price target on shares of Fenner in a report on Monday, July 10th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Fenner in a report on Friday, September 8th. Numis Securities Ltd reiterated an “add” rating and issued a GBX 385 ($5.06) price target on shares of Fenner in a report on Friday, September 8th. Finally, FinnCap reiterated a “buy” rating and issued a GBX 385 ($5.06) price target on shares of Fenner in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 376.11 ($4.95).
Fenner (LON:FENR) traded up GBX 9.50 ($0.12) on Monday, reaching GBX 411.50 ($5.41). The company’s stock had a trading volume of 650,850 shares, compared to its average volume of 519,864. Fenner has a one year low of GBX 227.41 ($2.99) and a one year high of GBX 406.50 ($5.35).
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Fenner PLC is a United Kingdom-based provider of engineered solutions for performance-critical applications. The Company’s business segments include Engineered Conveyor Solutions and Advanced Engineered Products. The Engineered Conveyor Solutions is engaged in the manufacture of rubber ply belting, solid woven and steel cord conveyor belting for mining, power generation and industrial applications with complementary service operations, which design, install, monitor, maintain and operate conveyor systems for mining and industrial customers.
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